Word: pension
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...baseball season was temporarily spared today when the players' union decided to continue negotiations. The threat of an immediate walk-out flared after it was disclosed that the owners failed to pay the $7.8 million due August 1 to the athletes' pension plan. With the August 12 strike date still in placed, many major leaguers feel that the owners are making no effort to settle the differences of the two sides, and in fact are tryng to provoke a cease-play. A national emergency? Probably not one that President Clinton would get involved in, he said last night during...
...Benefits Administration the procedure followed in arriving at termination settlements. I specifically asked if multi-year payouts were permissible. His reply was that "FAS could strike any deal it wanted" and he went on to point out that negotiated settlements do not involve the use of restricted pension funds...
Faculty are most affected by two change in particular--the reduction of Harvard's contribution to the faculty pension plan by one percentage point annually and the switch of Harvard's contribution to the array of health care plans available from a fixed percentage of Harvard's total health expenses to a percentage of the cost of the lowest-cost plan...
...July 7 memo to Law School faculty, Dean Robert C. Clark referred to previous memos from and informal conversations with faculty members that had raised concerns with some planned alterations in the faculty health benefits and pension plan system...
...Harvard will lower its annual contribution to the faculty pension plan by one percentage point...